Property Description

We are pleased to present THE PALMS, a 12-unit multifamily investment opportunity in the highly desirable Linda Vista neighborhood of central San Diego. The property is ideally positioned across from the University of San Diego (USD) and offers exceptional long-term value in a walkable, amenity-rich location. Originally built in 1962, The Palms underwent a major renovation in 2017, modernizing both interior and exterior features while preserving its mid-century charm. The property sits on a spacious 9,984-square-foot lot and consists of ten (10) one-bedroom, one-bath units, and two (2) studio units, totaling approximately 6,350 rentable square feet. Each unit is individually metered for gas and electricity, ensuring cost-efficient operations for ownership. Fully renovated interiors featuring modern granite countertops, new cabinetry, stainless steel appliances (refrigerator, range, built-in microwave, and dishwasher), luxury vinyl wood plank flooring, updated bathroom vanities, fixtures, lighting, and fresh paint. One unit is equipped with an in-unit washer and dryer, and new plumbing was installed on the first floor of Building 1. Upgraded exterior and community amenities, including dual-pane retrofit windows, new roof (2017), fresh exterior paint, an enhanced pool area and deck with new concrete, fencing, patio furniture, and updated landscaping. The property also features controlled access entry, an on-site owner-operated laundry facility, and six (6) added storage units for additional revenue potential.

Features
: Fenced
: None
Address Map
US
CA
SD
Old Town Sd
92110
Lauretta St
5747
W118° 48' 37.6''
N32° 46' 3.7''
Metro
Additional Info
Acre Investment Real Estate
Additional Information
: BBQ
: Two
12
2
https://www.propertypanorama.com/instaview/snd/250019244
Listing Information
640442
69201
ACTIVE
2025-02-20T22:10:37Z
sdmls
: N/K

Residential Income Additional

5747 Lauretta St, Old Town Sd Ca 92110

6,550
$4,450,000
Listing ID #250019244
Basic Details
Property Type : Residential Income Additional
Listing Type : For Sale
Listing ID : 250019244
Price : $4,450,000
Square Footage : 6,550
Status : Active
Property Sub Type : Com-Res Income
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